William Boyd Sells 20,000 Shares of Boyd Gaming (NYSE:BYD) Stock

Boyd Gaming Corporation (NYSE:BYD) Director William Boyd sold 20,000 shares of Boyd Gaming stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the sale, the director directly owned 1,960,447 shares of the company’s stock, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Boyd Gaming Stock Down 0.6%

BYD stock traded down $0.45 during trading hours on Wednesday, hitting $80.88. The company’s stock had a trading volume of 772,713 shares, compared to its average volume of 1,019,277. The company has a market capitalization of $6.32 billion, a PE ratio of 3.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.31. The stock has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $80.37. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.53. Boyd Gaming Corporation has a 12 month low of $58.94 and a 12 month high of $88.49.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a return on equity of 41.97% and a net margin of 46.02%.The company had revenue of $707.32 million for the quarter. On average, equities research analysts expect that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BYD. Zacks Research cut Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Boyd Gaming from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Barclays lifted their target price on Boyd Gaming from $73.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus upped their price target on Boyd Gaming from $87.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cresset Asset Management LLC lifted its position in shares of Boyd Gaming by 296.9% during the third quarter. Cresset Asset Management LLC now owns 13,058 shares of the company’s stock worth $1,131,000 after purchasing an additional 9,768 shares in the last quarter. Level Four Advisory Services LLC bought a new position in Boyd Gaming in the 3rd quarter valued at $213,000. Elo Mutual Pension Insurance Co acquired a new stake in shares of Boyd Gaming in the 3rd quarter valued at $1,548,000. Choreo LLC raised its position in shares of Boyd Gaming by 7.0% during the third quarter. Choreo LLC now owns 36,467 shares of the company’s stock worth $3,159,000 after acquiring an additional 2,388 shares during the last quarter. Finally, Interchange Capital Partners LLC bought a new position in Boyd Gaming in the third quarter valued at about $238,000. 76.81% of the stock is owned by institutional investors.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.